NEWS BULLETIN October 05, 1998 --- Vol. 4, No. 48 October 1998 BP term price up 11.5 percent Production up slightly in spite of 29-hour pipeline shutdown Long-term test production begins at Midnight Sun Print this story Petroleum News - Phone: 1-907 522-9469 [email protected] --- https://www.PetroleumNews.com S U B S C R I B E CLICK BELOW FOR A MESSAGE FROM OUR ADVERTISERS.

The first Prudhoe Bay oil field satellite has begun production. Major field owners ARCO Alaska Inc., Exxon Company USA and BP Exploration (Alaska) Inc. said Oct. 5 that long-term test production has started from the Midnight Sun oil field adjacent to Prudhoe Bay. The field is producing approximately 2,000 barrels per day of 29 API gravity oil and 750,000 cubic feet of gas per day from the discovery well. An additional delineation well is being drilled on ARCO/Exxon acreage east of the discovery well. The companies said they plan to apply for additional state approvals associated with permanent production operations in 1999. The long-term test production will be from an existing drill site using Prudhoe Bay facilities to process the crude. Midnight Sun is the first oil and gas accumulation in or around Prudhoe Bay field to begin production under terms of the recent facility-sharing agreement among the Prudhoe Bay owners. Midnight Sun is one of a number of satellite fields which have begun production since December 1997. Others include Tarn, Tabasco and West Sak, near the Kuparuk River field and Eider near the Endicott oil field.